Recap Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low.
Outlook Warned last week wild swings are expected going forward. More down side likely with B-2 first likely temporary support. If support is found at B-2 a pullback to above Y-3 is expected.
Lawrence's Comment
Recap
Traded above Y-0 early in the week points potential consolidation for the week. Failed to hold above Y-0 and slided towards Y-1. Failed to tag Y-1 and ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Support zone mentioned last week worked out well. Upside targets tagged. 100% range expansion led to a mild stop run. Closed the week above Y-0 and below midpoint.
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For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
GBPUSD Aug 04 to Aug 08 Outlook
Lawrence’s Comment
Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low.
Outlook
Warned last week wild swings are expected going forward. More down side likely with B-2 first likely temporary support. If support is found at B-2 a pullback to above Y-3 is expected.
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